Union Short Term Fund
Union Mutual Fund · Ultra Short Duration · Direct plan, growth option
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.3% | 0.5% |
| 3 months | 0.6% | 1.6% |
| 6 months | 3.0% | 3.6% |
| Year to date | 3.5% | 5.0% |
| 1 year | 4.8% | 6.5% |
| 3 years (CAGR) | n/a | 7.3% |
| 5 years (CAGR) | n/a | 6.6% |
| 7 years (CAGR) | n/a | 6.2% |
| 10 years (CAGR) | n/a | 6.6% |
| Since first NAV (CAGR) | 6.3% | – |
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 5.3% | 7.1% |
| 3Y rolling median | n/a | 6.9% |
| 3Y rolling worst | n/a | 4.8% |
| 3Y periods positive | n/a | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | n/a | 6.2% |
| 5Y rolling worst | n/a | 5.8% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | n/a | 0.5% |
| Sharpe ratio | n/a | 1.06 |
| Sortino ratio | n/a | 1.65 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −0.5% | −0.9% |
| Maximum drawdown, last 10Y | n/a | −1.1% |
| Maximum drawdown, last 5Y | n/a | −0.2% |
| Current drawdown | 0.0% | 0.0% |
| Recovery time of worst fall | n/a | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
This scheme invests mainly in the markets below, which are also close to how many of them are benchmarked. Where those markets stand today:
- 1Y +6.4% · 3Y +6.8% p.a. · 5Y +6.3% p.a. (index fund NAV, after costs)
- At its 52-week high (proxy NAV)
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
The Regular plan's expense ratio is 0.80% a year and the Direct plan's 0.35%, a gap of 0.45%. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹11,60,860.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
| Fund manager | Role | Managing since |
|---|---|---|
| Anindya Sarkar | Co-manage | 31 Jan 2025 |
| Shrenuj Parekh | Co-manage | 31 Jan 2025 |
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.35% | 0.31% |
| AUM, whole scheme (₹ crore) | 111 | 1,645 |
| Riskometer | Moderate | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 4.8% | 5.2% TRI |
Official benchmark: CRISIL Short Duration Debt A-II Index (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Ultra Short Duration Direct plans; how it is calculated.
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 3.5% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,23,095 | 4.8% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
- What is the latest NAV of Union Short Term Fund?
- The NAV of the Direct plan (growth option) was ₹11.0776 on 1 Oct 2026, as published by AMFI.
- Which category is Union Short Term Fund in?
- It is classified as Ultra Short Duration in AMFI's daily NAV file. MFIC compares it with 26 Ultra Short Duration schemes (Direct plans).
- What was the largest fall in Union Short Term Fund's NAV?
- The largest peak-to-trough fall in its available history was 0.5%.
- What is the expense ratio (TER) of Union Short Term Fund?
- The total expense ratio of the Direct plan is 0.35% a year, as disclosed to AMFI (median of Ultra Short Duration Direct plans: 0.31%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Union Short Term Fund?
- Assets under management of the whole scheme were ₹111 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Union Short Term Fund?
- AMFI lists the scheme's riskometer as “Moderate”, and its benchmark's as “Low to Moderate”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- Who manages Union Short Term Fund?
- According to its Scheme Summary Document, Union Short Term Fund is managed by Anindya Sarkar (since 31 Jan 2025), Shrenuj Parekh (since 31 Jan 2025).
- What is the minimum investment in Union Short Term Fund?
- The minimum application amount is ₹1,000. SIP details: SIP - Rs. 100 for daily SIP, Rs. 500 for weekly SIP, Rs. 500 for fortnightly SIP, Rs. 500 for monthly SIP STP - Rs. 100 for all frequencies SWP - Rs. 500 for all frequencies.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 4.8% and the Regular plan's by 4.4%. The Regular plan includes the services of a distributor.
Every Monday: this scheme's NAV, 1-month and 1-year return beside its category median, 3-year CAGR and how far it is below its peak. Add more schemes from their pages or from your MFIC watchlist. Free; unsubscribe from any email.